EADB


Also found in: Financial.
AcronymDefinition
EADBEast African Development Bank
EADBEastern Association of Deaf Bowlers
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EADB has one of the highest asset coverage ratio (Usable Equity / (Gross Loans + Equity + Expected Loss on Liquid Assets) in Moody's MDB rating universe at 120.
Furthermore, the EADB maintains a strong liquidity position, reinforced by a high level of liquid assets which act as a strong buffer in case of shocks.
The EADB occupies a unique position in the financial architecture of the region, providing the kind of long-term project financing that is sorely needed by businesses, parastatals and government entities.
The EADB invests across all sectors of the economy, including education, health, tourism, construction, food processing, forestry, energy and water.
He said that EADB delivered credits to Ameria bank, Araratbank, Armbusinessbank and "Areximbank-Gasprombank Group"
The EADB supports programmes and practices that enhance agricultural productivity, conserve soil fertility, reduce post-harvest losses, improve nutritional values and ensure market access for both primary and secondary agricultural products.
Over the next few years, one of the greatest challenges facing the EADB will be to mobilise greater financial resources from outside East Africa for long-term financing of public and private sector development projects in the member states of the EADB.
Eversheds also advised on the EADB Math, Science, Technology and Engineering University Scholarship Program which was launched in January.
In addition to this, the Bank has recently considered and approved a US$24 mln additional equity investment in EADB (US$14 mln "Callable" and US$10 mln "Paid-in") to further strengthen EADB's capital.
With this term, the EADB can fulfill its mandate by funding projects that need long-term funding, like infrastructure work, schools, agricultural projects and manufacturing project, for which long-term finance can be difficult to source regionally.
This term assists the EADB to fulfil its mandate by sponsoring projects that need long-term funding, such as infrastructure work, schools, agricultural projects and manufacturing project, for which long-term finance can be difficult to source regionally.
EADB intends to tap into both debt and equity sources from both development finance institutions (DFIs) and commercial financial markets for long-term financing to obtain the remaining funding required.